Baker Business and Tax Services

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Image 1 | Baker Business and Tax Services The IRS recently warned taxpayers to be careful when choosing a tax professional. You want to be sure that person will keep your personal and financial information safe. At Baker Business and Tax Solutions, we take extra precautions to guard your data. It’s probably the least favorite time of year for Americans. Tax Season. As is typically the case, there will be some changes this year. ABC News tells us what changes taxpayers can expect in 2024. Tax Season is upon us. To help, here's some tax strategy advice to consider before sending in your return. -Understand your tax bracket -Learn how tax credits and deductions work -Decide between the standard deduction and itemizing -Take advantage of popular tax credits and deductions -Keep good records -Tweak your W-4 if you need to -Leverage tax-advantaged accounts The head of the IRS has a message for wealthy tax cheats: Pay your fair share. APNews.com has the story. https://apnews.com/article/irs-tax-season-incom Apnews.com reports that Citizens in twelve states will get to use a system that allows for filing returns directly to the IRS. With it being tax season, it is important to understand the type of business you have so you can file properly. There are several types and, in fact, some don't pay taxes at all. These are pass through entities. We explain what they are at our website. Many people start their businesses with the classification of a Sole Proprietor or LLC. But as the business grows and changes, you may need to change the business class, as well. We explain the difference between a LLC and an S-Corporation at our blog. The IRS is waring taxpayers about 2 new scams this tax season. The 1st involves a fake letter from the IRS instructing you to call regarding your unclaimed refund. The second scheme revolves around the Employee Retention Tax Credit (ERC) and who can qualify. Some Americans are turning to AI to get help with their tax returns. In fact, 14% have used ChatGPT to review their taxes. But CNBC.com reports that taxpayers should be cautious. Using AI might not be such a good idea.
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Kentucky > Fort Thomas > Business & Professional Services > Tax Preparation > Baker Business and Tax Services

Address

20 N Grand Ave, Suite 6, Fort Thomas, Kentucky, 41075

Phone number

(859) 216-2551

Category

Business & Professional Services > Tax Preparation

Email

Online

http://www.bakeracct.com/

Baker Business and Tax Services is an accounting, bookkeeping, payroll and tax preparation firm. We also offer business setup and consulting services, tax consulting and financial strategy consulting.

Monday: 9:00am to 5:00pm
Tuesday: 9:00am to 5:00pm
Wednesday: 9:00am to 5:00pm
Thursday: 9:00am to 5:00pm
Friday: 9:00am to 5:00pm

Payment options: American Express, Cash, Check, Discover, MasterCard, Visa

Facebook: https://www.facebook.com/BakerBusinessandTax

Instagram: https://www.instagram.com/bakerbusinesstax

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